Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against Phemex+0.510%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1571.566% of the position

Long on Phemex Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−1.105%−$111 · spread now +0.510%, 7d avg −0.031%

Together, before fees−1.105%+ Points / potential airdropGRVT: Active · farm board−$111 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.541% dearer against Phemex than usual: you sell high and buy low, +$54 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex WLDUSDT	0.4635	0.0100	pay 0.0100% / 8h	5h 40m	$1.8M	$3.7M	50x
Short	GRVT WLD_USDT_Perp	0.4659	0.0100	get 0.0100% / 8h	5h 40m	$617K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee GRVTbpOrdersPrice spread, now +0.510%Rate

Funding earned: $0
Price spread: +0.510% → −0.031%: $54.09
Slippage, 4 orders: −$135.6
Fee Phemex: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$102.51
Costs to cover: 1.566%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; GRVT: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 3 min ago	17.25 bp	52.7 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	12.90 bp	28.1 bp −$28	37.5 bp −$375	doesn't fit	doesn't fit

WLD on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXWLDPERP	−0.0139%	8h	0.4632	−0.065%	$58K	$4.5M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0038%	8h	0.4633	−0.043%	$7.1M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4631	−0.085%	$165K	$26K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4632	−0.071%	$55K	—	150x	as long as short
Nado WLD-PERP	+0.0059%	1h	0.4628	−0.156%	$268K	$187K	5x	as long as short
Orderly PERP_WLD_USDC	+0.0072%	8h	0.4634	−0.022%	$28K	$893K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4635	−0.004%	$177K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4634	−0.028%	$51K	$508K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4631	−0.081%	$88.0M	$324.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4630	−0.108%	$66.1M	$87.8M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4633	−0.043%	$35.0M	$149.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4631	−0.086%	$7.2M	$36.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4629	−0.129%	$45.7M	$54.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4631	−0.086%	$30.7M	$29.4M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4630	−0.108%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4633	−0.041%	$138K	$290K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4632	−0.073%	$2.1M	$1.8M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4640	+0.112%	$28K	$317K	20x	as long as short
GRVT WLD_USDT_Perpshort	+0.0100%	8h	0.4659	+0.510%	$617K	$1.8M	10x
ApeX Omni WLDUSDT	+0.0100%	1h	0.4646	+0.237%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4631	−0.088%	$54K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4637	+0.043%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4631	−0.086%	$294	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4624	−0.237%	$844K	$1.9M	50x	as long as short
Phemex WLDUSDTlong	+0.0100%	8h	0.4635	long leg	$1.8M	$3.7M	50x
Extended WLD-USD	+0.0104%	1h	0.4629	−0.126%	$213K	$927K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4632	−0.054%	$31K	$600	3x	as long as short
01 Exchange WLDUSD	+0.0128%	1h	0.4630	−0.110%	$331	$80	5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4629	−0.136%	—	—	20x	as long as short
Phoenix WLD	+0.0172%	1h	0.4639	+0.095%	$5K	$57K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0182%	1h	0.4635	0.000%	$120K	$923K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4627	−0.173%	$5.0M	$803K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4632	−0.065%	$5K	—	100x	as long as short
Lighter WLD	+0.0344%	1h	0.4638	+0.065%	$5.0M	$2.3M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4640	+0.108%	$276K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0532%	1h	0.4637	+0.035%	$51.6M	$42.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4650	+0.324%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0894%	1h	0.4634	−0.031%	$902K	$2.9M	50x	as long as short